Letshego, Airtel Money launch 'Let's Go Pesa' loan to drive financial inclusion

Letshego Uganda, in partnership with Airtel Mobile Commerce Uganda Limited, has launched a digital loan product dubbed "Let's Go Pesa."

This innovative service is set to offer flexible and accessible loans to Ugandans through their mobile phones.

Speaking at the launch, Giles Germany Aijukwe, CEO of Letshego Uganda, emphasized the importance of evolving with customer needs in a tech-driven world.

He explained that "Let's Go Pesa" isn't just a loan service but a revolutionary solution designed to provide convenience and flexibility.

“With this automated mobile service, we bring convenience to our customers, offering loans ranging from as low as Shs20,000 to a maximum of Shs700,000. Borrowers can repay the loans within 30 days,” Aijukwe said.

Japhet Aritho, CEO of Airtel money also shared the company’s excitement about the new service. He highlighted that with just a mobile phone equipped with an Airtel Money wallet, customers can access the loan "anytime, any day, anywhere," which will drastically enhance financial inclusion in the country.

This service promises to democratize access to financial support, particularly for underserved communities, by enabling Airtel subscribers to obtain soft loans at the click of a button.

By removing the need for traditional banking infrastructure, "Let's Go Pesa" is poised to reshape Uganda’s financial landscape with an inclusive approach.

Regulatory bodies are also backing this fintech advancement. Edith Tusubira, the Executive Director of the Uganda Microfinance Regulatory Authority (UMRA), pledged support for financial technology innovations and institutions aiming to boost the sector.

She assured that UMRA would continue providing the necessary regulatory framework to ensure such innovations thrive in Uganda's growing fintech ecosystem.

The launch of "Let's Go Pesa" is expected to have a far-reaching impact, revolutionizing the financial system and providing much-needed financial access to millions of Ugandans, contributing to the nation’s goal of financial inclusion for all.